Which of the following events would cause an upward movement along the demand curve for olives?
a. The number of people who purchase olives decreases
b. Consumer income decreases, and olives are a normal good.
c. The price of pickles decreases, and pickles are a substitute for olives.
d. The price of olives rises.
d
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If OPEC is an effective cartel,
a. price changes are dictated by changes in demand. b. output changes are dictated by changes in demand. c. members agree on output quotas. d. all of these.
If the Fed wishes to decrease the money supply, it could:
A. buy bonds. B. increase the reserve requirement. C. decrease the discount rate. D. print less currency.
If the reserve ratio is 4 percent, then $81,250 of new money can be generated by
a. $325 of new reserves. b. $3,250 of new reserves. c. $20,312.50 of new reserves. d. $2,031,250 of new reserves.
Recall the Application about space debris in the atmosphere to answer the following question(s).Recall the Application. Which of the following is true?
A. Over 20,000 pieces of junk as large as a softball are estimated to be orbiting the earth. B. Modern global positioning satellites (GPS) are at risk of colliding with orbital junk. C. Solving the space junk problem will require international cooperation. D. All of these